Is 28114, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 28114 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 28114 was a Seller's Market.

Key Takeaway

28114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 28114, NC

How much do homes in 28114, NC cost?

Median Sold Price

$190,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$35,000(-15.6%)

Key Takeaway

Homes in 28114 have sold for 15.6% less than they did a year ago.

Summary: The median home sold price in 28114 was $190,000 in November 2024, down 15.6% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$250K
N/A
2 $169K$146.5K
-13.3%
3 $227.5K$225K
-1.1%
4 $339.9K$224.5K
-34.0%
5+ -$95K
N/A

Summary: 28114 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 34%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

28043
+13.6%
28152
+6.3%
28040
+4.1%
28114
-15.6%

Housing Supply in 28114, NC

How many homes are available in 28114, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
23230.0%

Summary: The 28114 real estate market had 23 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 22
0.0%
3 1718
+5.9%
4 22
0.0%
5+ 00
0.0%

Summary: The 28114 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 28114, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 28114 in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 28114, NC

How long does it take to sell a home in 28114, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days124 Days+325.1%

Summary: Homes in 28114 had an average of 124 days on market in Nov 2024, up by 325.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 28114 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 28114; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 28114, NC

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